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All Events
April 16 @ 10:30 am - 12:00 pm

Closing Deals + Dodging Tax Hurdles!!

Charles County Public Library
10405 O'Donnell Place
Waldorf, 20603 United States

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    Closing Deals + Dodging Tax Hurdles!!

    Navigating Maryland’s Withholding Tax and FIRPTA!!

    • Preparing Sellers: Understanding the conditions under which Maryland withholding tax applies to real estate transactions, particularly for out-of-state and VA sellers
    • Exemptions and Exceptions: Identifying situations where sellers may be exempt from withholding tax or eligible for reduced withholding rates, such as primary residence exemptions or sales below a certain threshold.
    • Foreign Seller Identification: Recognizing when FIRPTA applies, especially in transactions involving foreign sellers or entities.
    • Noncompliance Penalties: Understanding the potential penalties for failing to comply with withholding tax and FIRPTA requirements, including interest charges and legal consequences.
    • Professional Guidance: Recognizing the importance of seeking advice from tax professionals or legal experts familiar with Maryland real estate laws and federal tax regulations to navigate these complexities effectively
    a flyer for a tax event with a picture of a house

    At Lakeside Title, your security is our priority,

    and we are committed to providing a seamless and secure experience for all your real estate transactions.